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1 Jan 2008

SBI Update

1. SBI move to merge State bank of Saurashtra with itself is likely to give a trigger to the stock to fly for which it has been waiting for long.

2. Even a meeting is scheduled in January to initiate merger of 6 associate banks with the mammoth. In that scenario it will become double the size of ICICI bank and it will have a branch network to the tune of 14400.

3. SBI becomes an attractive investment in view of its investments in mutual funds and life insurance subsidiaries.
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